Reported about 22 hours ago
Michelle Bowman, the newly confirmed Vice Chair for Supervision at the Federal Reserve, has announced an ambitious agenda to revise and ease banking regulations that she views as excessive. In her remarks, she emphasized the importance of making banks 'safe to fail' rather than entirely eliminating risk, and indicated upcoming projects to streamline oversight and reconsider the ratings applied to banks. Bowman also suggested looking at capital rules and potentially creating independent frameworks for smaller banks to alleviate pressure from regulations meant for larger institutions.
Source: YAHOO